Fortune Minerals Limited (TSX:FT,OTCQX:FTMDF) has completed a key public hearings session related to the Environmental Assessment review process for the permitting of the mine and mill for the NICO gold-cobalt-bismuth-copper project in the Northwest Territories.

With the EA review nearly concluded, the project is advancing towards the preparation of the final report and recommendation.  After the public registry closes on October 22, 2012, the Mackenzie Valley Review Board (“MVRB”) will prepare the Report of Environmental Assessment which will contain the recommendation on the project to the Federal Minister of Aboriginal Affairs and Northern Development Canada.

The public hearings for the NICO project were held in the city of Yellowknife and the Tlicho communities of Whati and Behchoko over a four day period between August 27 and August 31, 2012.  Participants in these hearings included federal and territorial regulators and First Nations delegations, including the Tlicho Government.  As part of the EA review process, these hearings provided a public venue for residents to provide their comments to the MVRB and to hear Fortune’s responses and project amendments addressing concerns.

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